PFLC (Pacific Financial) Beneish M-Score: 53.17 (As of Jun. 24, 2026)


PFLC Pacific Financial Corp PFLC
53 GF Score
Price $17.39
GF Value $11.86
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Pacific Financial Beneish M-Score?

Pacific Financial PFLC +0.52% 53 Beneish M-Score is 53.17 as of Jun. 24, 2026. GuruFocus rates PFLC with a GF Score™ of 53/100 and a GF Value™ of $11.86 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,396 Banks companies, Pacific Financial ranks worse than 99.93% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score 53.17 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Pacific Financial's Beneish M-Score or its related term are showing as below:

PFLC' s Beneish M-Score Range Over the Past 10 Years
Min: -2.85   Med: -2.39   Max: 53.17
Current: 53.17

During the past 13 years, the highest Beneish M-Score of Pacific Financial was 53.17. The lowest was -2.85. And the median was -2.39.

PFLC
53GF Score
Pacific Financial Corp PFLC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pacific Financial Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Pacific Financial for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.1383+0.528 * 1+0.404 * 1.0021+0.892 * 1.0489+0.115 * 483.0161
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9325+4.679 * -0.000538-0.327 * 0.8725
=53.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $4.96 Mil.
Revenue was $53.59 Mil.
Gross Profit was $53.59 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $1,275.12 Mil.
Property, Plant and Equipment(Net PPE) was $16.13 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $30.37 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $16.82 Mil.
Net Income was $11.65 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $12.33 Mil.
 Total Receivables was $4.16 Mil.
Revenue was $51.09 Mil.
Gross Profit was $51.09 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $1,153.56 Mil.
Property, Plant and Equipment(Net PPE) was $16.95 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.08 Mil.
Selling, General, & Admin. Expense(SGA) was $31.05 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $17.44 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(4.962 / 53.588) / (4.156 / 51.092)
=0.092595 / 0.081343
=1.1383

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(51.092 / 51.092) / (53.588 / 53.588)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 16.133) / 1275.116) / (1 - (0 + 16.952) / 1153.563)
=0.987348 / 0.985305
=1.0021

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=53.588 / 51.092
=1.0489

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(1.08 / (1.08 + 16.952)) / (0.002 / (0.002 + 16.133))
=0.059894 / 0.000124
=483.0161

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(30.366 / 53.588) / (31.047 / 51.092)
=0.566657 / 0.607669
=0.9325

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((16.822 + 0) / 1275.116) / ((17.443 + 0) / 1153.563)
=0.013193 / 0.015121
=0.8725

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(11.645 - 0 - 12.331) / 1275.116
=-0.000538

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Pacific Financial has a M-score of 53.17 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 53.17 mean?
Pacific Financial (PFLC) has a Beneish M-Score of 53.17 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pacific Financial and its competitors. According to the industry distribution chart, Pacific Financial ranks #1395 out of 1396 companies in the Banks industry, placing it in the top 99.9%.
Is Pacific Financial's Beneish M-Score too high?
Pacific Financial's current Beneish M-Score is 53.17. Based on the distribution chart, Pacific Financial ranks #1395 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Pacific Financial has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pacific Financial's Beneish M-Score compare to UBAB and FGFH?
According to the Banks industry distribution chart, Pacific Financial ranks #1395 out of 1396 companies for Beneish M-Score. This places Pacific Financial in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Banks company?
A good Beneish M-Score depends on the Banks industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pacific Financial and its competitors. Pacific Financial's current Beneish M-Score is 53.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Financial stock overvalued right now?
Based on GuruFocus' analysis, Pacific Financial (PFLC) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.86, compared to a current price of $17.39 — trading 46.6% above its estimated fair value. The current Beneish M-Score is 53.17. Pacific Financial's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Pacific Financial (PFLC), the current Beneish M-Score is 53.17 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pacific Financial (PFLC) Overvalued in 2026?

Based on GuruFocus' analysis, Pacific Financial stock appears to be overvalued. The current stock price of $17.39 is trading 46.6% above its estimated GF Value™ of $11.86. GuruFocus considers Pacific Financial to be Significantly Overvalued.

Key valuation signals for PFLC:

  • Beneish M-Score: 53.17
  • GF Value™: $11.86 vs. price of $17.39 (46.6% above fair value)
  • GF Score™: 53/100 with 6 warning signs

No single metric tells the full story. See the PFLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pacific Financial Business Description

Address 1216 Skyview Drive, Aberdeen, WA, USA, 98520
Pacific Financial Corp is active in the financial services domain as a bank holding company of the Bank of the Pacific, based in the United States. Its business also includes loan production and real estate mortgage provision. Its commercial banking division caters through services such as business checking, business savings and certificates of deposits, business loans, treasury management, and commercial real estate loans, while its personal banking services comprise of checking solutions, savings solutions, consumer loans, and lines of credit. The banking operations are conducted through a single business segment, Community Banking. Loans, investments, and deposits provide the revenues in the community banking operations.
53GF Score

Get the complete analysis for PFLC

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.39
Price
$11.86
GF Value